Singapore’s residual fuel oil stocks have averaged 4% higher so far in November than across October, Enterprise Singapore’s latest data shows.
Changes in monthly average Singapore stocks from October to November (so far):
- Residual fuel oil stocks up 770,000 bbls to 19.33 million bbls
- Middle distillate stocks down 710,000 bbls to 8.43 million bbls
Singapore’s fuel oil stocks have risen above 19 million bbls, amid a 7% increase in net fuel oil imports so far in November. Both imports and exports have fallen, with imports declining by 255,000 bbls and exports by a steeper 534,000 bbls.
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